Hovnanian Reports $638 Million Loss for 2007 (BUILDER Online) Builder says it won't reduce its national footprint, just the "foot."
Builder Sentiment Holds Steady (BUILDER Online) NAHB economist sees home sales bottoming in the first quarter of 2008.
Housing Starts, Permits Slide (BUILDER Online) Permits reach 14-year low while single-family housing starts hit their slowest pace in 16 years.
Atlanta Builders Raise Public Awareness (BUILDER Online) The Greater Atlanta Home Builders Association has completed the first phase of its Get Home Atlanta ad campaign, an effort launched this fall to persuade people that now is a good time to buy a new home.
Land Prices Hit Five-Year Low in Southern California (BUILDER Online) Builders aren't buying real estate, which in some markets now sells for half what it fetched in 2005.
FBI Probes Virginia Mortgage Scam (The Washington Post) Townhouses were bought and sold for big profit as the market was cooling.
Ohio, Michigan Face Different Foreclosure Crisis (MSNBC/Associated Press) The housing markets in Ohio and Michigan have been battered by a declining manufacturing base, stagnant population growth, and low demand.
Gov. Schwarzenegger Set to Declare Fiscal Emergency (BUILDER Online) Housing slump viewed as prime reason behind Golden State's projected $14 billion shortfall.
Fed Proposes Tougher Lending Laws (BUILDER Online) New regulations would offer better protection for home buyers while curtailing abusive lending.
Senate Overwhelmingly Passes Bill That Would Provide a Life Raft to Troubled Homeowners (BUILDER Online) Legislation will allow the FHA to increase loan sizes, provide more counseling, and lower downpayments.
Hovnanian's Losses Continue; Company Projects Positive Cash Flow in 2008 (BUILDER Online) Quarterly revenue and profits plummet in the fourth quarter as the builder's stock prices continue to fall.
Foreclosure Activity Down 10 Percent in November (BUILDER Online) Nevada, Florida, and Ohio post top foreclosure rates while California, Florida, and Ohio report highest totals.
Blog: Is the Consumer Media to Blame for Housing's Problems (BUILDER Online) Agree or disagree with the thoughts of BUILDER Editorial Director Boyce Thompson.
BUILDER Business Update (BUILDER Online) A weekly e-mail newsletter with breaking industry news on the business of building homes. Sign up for the BUILDER Business Update and other Hanley Wood newsletters.
Take the BUILDER Poll (BUILDER Online) What effect will Bush's mortgage plan have on the housing crisis?
From the Pages of BUILDER: Rightsize Your Business (BUILDER Online) American home builders, facing an uphill battle, are revamping their companies and business plans to survive and thrive in a recessionary housing market. Check out more from the current issue of BUILDER.
Robb Crocker is the senior editor for BUILDER Online. Please e-mail any comments, questions, suggestions, and news tips to rcrocker@hanleywood.com.